I get referrals from Realtors all the time for investment properties with little or no money down. I've gone through this many times.There is nothing out there for them from any lending institution.
Investors with no money down are of the bigger culprits for the situation we are in.
Even hard money lenders would want a sizable amount of "skin in the game" before the do such a loan
I hope that helps.
After reading the other post on your investor, the only other chance they may have is if they have other sources to use that they may not have thought about, such as an IRA. Not all IRA's can be used to purchase real estate. They would have to check with whoever is handling their IRA to see if it can be used, if not then they could think about moving it to one that will work. Other than that he is out until he can come up with his share.
I am an investor. Your "prospective customer" isn't one. Sorry! And I may be brash to assume this, but he probably has no experience in real estate whatsoever. Therefore, no real investor will even consider partnering with him. His credentials? He's got excellent credit ... that's hardly enough for me to even want to talk with him for 5 minutes.
He needs to get together some capital. If he can't sell some stocks/bonds/mutual funds and come up with a down-payment, then he's wasting your time.
Has this person already exhausted this avenue of contacts?
Investing is not for the faint of heart or short of cash.